BrightHouse bosses set for flotation windfall

HOUSEHOLD goods chain BrightHouse is mulling a stock market listing which could gen­erate a payday of up to £100million for senior managers.

PUBLISHED: 00:01, Mon, Aug 25, 2014

BrightHouse is the UK's largest rent-to-own company offering a range of household goods [ROOM/GETTY]

Vision Capital – owner of ­Britain’s biggest rent-to-own company which offers credit on televisions, furniture and kitchen appliances – is understood to have hired investment bank Roths­child to look at strategic options including a potential float.

A valuation of between £500million and £750million would give the bosses a stake worth nearly £100million at the upper end of the range

Vision Capital owns 87 per cent of the 286-store group with the rest held by senior managers under chief executive Leo McKee.

A valuation of between £500million and £750million would give the bosses a stake worth nearly £100million at the upper end of the range.

BrightHouse is looking to expand to at least 400 stores, ­having increased annual revenue by 12.2 per cent to £333.3million, with pre-tax earnings up 10.1 per cent to £52.6million.